Business
The Campbell’s Company Board of Directors Elects Mick Beekhuizen Chief Executive Officer to Succeed Mark Clouse
Clouse Announces Plans to Retire to Join the NFL’s Washington Commanders as President CAMDEN, N.J.--(BUSINESS WIRE)-- The Campbell’s Company (NASDAQ: CPB)
About this update from The Campbell's Company
[{"type":"text","content":"\nClouse Announces Plans to Retire to Join the NFL’s Washington Commanders as President\n\n\n CAMDEN, N.J.--(BUSINESS WIRE)--\nThe Campbell’s Company (NASDAQ: CPB) (Campbell’s) announced today that its Board of Directors has elected Mick Beekhuizen to succeed Mark Clouse as President and CEO. Beekhuizen has also been elected a Director of the company, both effective Feb. 1, 2025. Until then, Beekhuizen will continue in his role as President, Meals & Beverages.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241203572681/en/Mick Beekhuizen (Photo: Business Wire)\nCampbell’s Chair of the Board of Directors Keith McLoughlin said, “The Board has had a strong CEO succession process in place for the last several years, and we are fortunate to have a deep bench of talented executives prepared to lead the company as CEO. Mick is a superb leader with a track record of success. The Board is confident that he has all the requisite skills and capabilities to continue to drive the strategy that has delivered consistently strong results and created value for shareholders.”\n\n\nBeekhuizen will become the 15th CEO in the company’s 155-year history. He joined Campbell’s in September 2019 as Chief Financial Officer and since 2022 has served as President of the company’s $5.3 billion Meals & Beverages division. He is an accomplished leader with a record of financial, commercial and operational excellence. Beekhuizen has delivered strong performance in the Meals & Beverages division and played a key role in the $2.7 billion acquisition and integration of Sovos Brands, Inc. During his tenure as Chief Financial Officer, Beekhuizen led corporate strategy and the finance function, including controllership, tax, treasury, corporate audit, investor relations, corporate development, financial planning and analysis, and shared services, as well as the company’s information technology (IT) group.\n\n\nPrior to Campbell, Beekhuizen was Executive Vice President and Chief Financial Officer at Chobani from 2016 to 2019, where he played a key role in its growth and expansion. Earlier in his career, he was Executive Vice President and Chief Financial Officer for Education Management Corporation, and a Managing Director at Goldman Sachs in the merchant banking division.\n\n\n“It is a tremendous honor...